Tagged: security breach

December 4, 2023 @ 3:22 pm By Omar Faridi  |  

Based on the insights from the SlowMist Blockchain Hacked Archive, the month of November 2023 was marked by “a significant number of security breaches within the blockchain sector.” In total, 47 distinct incidents were recorded, “cumulatively leading to a substantial loss estimated at around $349… Read More

November 21, 2023 @ 8:31 am By Omar Faridi  |  

On 18 November 2023, Kronos Research announced, via social media platform X, that unauthorized access to their API resulted in “a loss of approximately $26 million.” As noted in an update shared by CertiK, the incident “isn’t a typical private key compromise which often refers… Read More

November 19, 2023 @ 4:33 pm By Omar Faridi  |  

Earlier this month, crypto exchange Poloniex was hacked. At the time of the hack, there was not enough information available to determine the real extent of the damage caused by the security breach. However, the team at Certik has now provided a detailed analysis of… Read More

August 6, 2023 @ 12:33 pm By Omar Faridi  |  

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More

July 13, 2023 @ 9:10 am By Omar Faridi  |  

The Multichain hack could potentially be a “rug pull,” as an additional $103 million in funds were recently drained. Multichain, which is described as a cross-chain bridge protocol, reportedly saw another $103 million transferred to other blockchain addresses. This, according to security company Beosin. This… Read More

July 9, 2023 @ 12:55 pm By Omar Faridi  |  

Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed… Read More

March 23, 2023 @ 8:44 am By Omar Faridi  |  

Cryptocurrency ATM operator General Bytes says a certain vulnerability allowed a hacker to drain around $1.5 million. The General Bytes team also confirmed that their Cloud servers were breached. In a blog post, the firm noted that on the night of 17-18 March, it was… Read More

September 21, 2022 @ 8:30 am By Omar Faridi  |  

Revolut has experienced a major data breach that has reportedly exposed the sensitive personal details of around 50,000 clients globally. Revolut‘s management has now informed Lithuania’s State Data Protection Inspectorate about the security breach, noting that access to its database had been obtained via advanced… Read More

August 7, 2022 @ 9:08 pm By Omar Faridi  |  

On August 3, 2022, a large-scale incident of currency theft occurred on Solana, and a large number of users “transferred SOL and SPL tokens without their knowledge,” the SlowMist team noted in their analysis of the incident. The SlowMist security team “tracked and analyzed this… Read More

August 3, 2022 @ 8:44 am By Omar Faridi  |  

Nomad – a bridge network allowing users to convert their assets across blockchains – was “exploited for over $156.4 million on August 1st.” Over 40 attackers utilized a code error that “allowed them to spoof transactions – draining Nomad’s Ethereum contract of most of its… Read More

July 3, 2022 @ 9:27 pm By Omar Faridi  |  

Following the news that non-fungible token (NFT) marketplace OpenSea had suffered a data breach, Kaleb Ells, Analyst on the Thematic Team at GlobalData, a data and analytics company, noted: “This mass data breach highlights that OpenSea is not yet providing the security fundamentals that are… Read More

June 24, 2022 @ 2:35 pm By Omar Faridi  |  

The Harmony team has identified a theft taking place this morning (June 24, 2022) on the Horizon bridge amounting to approximately $100 million. 3/ Note this does not impact the trustless BTC bridge; its funds and assets stored on decentralized vaults are safe at this… Read More

February 22, 2022 @ 9:59 am By Omar Faridi  |  

Making digital cyberspace safer doesn’t have to be “left to the big cybersecurity corporations,” according to an update from Uppsala Security. Individuals and small businesses are able to play a key role in making the Internet and the Web 3.0 “a more secure place to… Read More

February 9, 2022 @ 8:09 am By Omar Faridi  |  

Just a few days following the Wormhole Portal hack that led to losses of more than $302 million, Meter’s Passport bridge has experienced a similar attack. The hack on meter.io has been estimated to be “a loss of around $4.3 Million, comprising $4.2 million in… Read More

November 8, 2021 @ 4:15 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has revealed a security breach in its platform that apparently took place on November 3, 2021. An attempt at extortion took place following the theft of the information. According to a blog post, an “unauthorized third party obtained access to a limited amount… Read More

April 11, 2021 @ 2:42 pm By Omar Faridi  |  

A recent post on Raidforums, a marketplace for purchasing and selling stolen data, has claimed that it has the personal details from millions of users on Paxful, a leading peer to peer Bitcoin (BTC) and Ethereum (ETH) exchange. However, Paxful‘s management stated that they’re false… Read More

February 6, 2021 @ 2:37 pm By Omar Faridi  |  

On Thursday (February 4, 2021), an unknown entity reportedly stole $2.8 million from a shared digital or online vault via the investment platform Yearn.Finance. The hacker(s) exploited the vault using Aave, a decentralized finance (DeFi) platform that lets investors make flash loans. These DeFi solutions… Read More

December 26, 2020 @ 9:57 pm By Omar Faridi  |  

Digital asset exchange Coinbase notes that its Security team regularly monitors the safety of its trading platform and customers’ funds. The US-based exchange also keeps a close eye on security threats and “abuse trends” affecting the larger crypto-economy. In December of this year, personal information… Read More

November 5, 2020 @ 8:53 am By Omar Faridi  |  

Kraken, an established US-based cryptocurrency exchange, recently confirmed that Ledger clients whose data was stolen during a security breach have been targeted in a phishing scam that was carried out this past week. The team of experts at Kraken Security Labs have provided an analysis… Read More

October 31, 2020 @ 11:45 am By Omar Faridi  |  

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard (NYSE:MC), confirms that the payments giant is using artificial intelligence (AI) as “the first line of defense” to help the service provider detect cyberattacks, hacks and other types of security breaches. Last year, Mastercard reportedly saved its stakeholders… Read More